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Obama / Course Change / Budget and Taxes #923121

ABC Evening News for Thursday, Feb 26, 2009
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(Studio: Charles Gibson) Report introduced.

(White House: Jake Tapper) President Obama's course change for government policies with a 3.5 trillion dollar budget with a 1.75 trillion dollar deficit examined; details given about his plans to redirect wealth among Americans with tax cuts, alternative energy sources, a health care reserve fund, new taxes targeting those earning over 250,000, business tax hikes and bank bailout money. [OBAMA - says we cannot continue on our current course.] [Speaker of the House Nancy PELOSI - speaks about health care.] [Representative John BOEHNER - criticizes spending.] [OMB director Peter ORSZAG†- talks about charitable giving.] [White House press secretary Robert GIBBS†, Senator Judd GREGG - offer differing opinions on economic growth.]

(Studio: Charles Gibson) Report introduced.

(Studio: David Muir) Two examples of how the tax changes would affect families examined; details given about the Kramer and the Busby families and of the concerns in the non-profit world. [Tax Policy Center's Rosanne ALTSCHULER†- cites what the Kramer family will get and what the Busby family will get.] [In Atlanta, Scott BUSBY†- says his American dream is in jeopardy.]

(Studio: Charles Gibson) The views of the budget as put forth in the "Wall Street Journal" and "Washington Post" noted; headlines shown.

(Studio: Charles Gibson; Washington: George Stephanopoulos) The reaction in Washington to this huge budget put forth by the president and his calls for funding for health care and energy discussed.

(Studio: Charles Gibson; Boston: Tim Johnson) What is known/not known about proposed health care funding and the reaction to Obama's seriousness about health care reform discussed.

Reporter(s):
Gibson, Charles;
Tapper, Jake;
Muir, David;
Stephanopoulos, George;
Johnson, Tim
Duration:
00:07:40

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